The older form of Link is usually more like 16-17.
And for a young man, this character would have very feminine features. Which, would actually fit the trend...
From Ocarina of Time, to Twilight Princess, to Skyward Sword, Link has become more effeminate each time. Starting off with only a touch of feminine features in Ocarina of Time, to being more girly in Twilight Princess, to Skyward Sword, where he was REALLY effeminate. For this Link to push it a little more, wouldn't surprise me at all.
I'm just hoping that's not the case. There have been a few examples in the past where Nintendo had a female character disguised as a boy, and actually, Zelda was one of them. In Ocarina of Time she was disguised as Sheik for a large portion of the game.
Zelda is a bow user, who typically doesn't carry other weapons. This character didn't have any other weapons, besides the bow. She has light blue eyes, while Link's are usually dark blue. This character had light blue eyes. She usually has light brown or blonde hair. This character has light brown hair, actually a bit lighter than Zelda's was in Twilight Princess. She often has been shown with two long bangs framing her face, like this character's hair.
She's a good fit for the character.
Meanwhile, Link is missing all iconic features. No left handed sword. No shield. No white maned horse.. All that's really there is, uh, you could say that Link is known for having some very serious bangs.
So, I'm left with a short list of reasons why I think it might be Zelda... vs bangs.
I dunno. I hope it's Zelda.... or maybe a female version of Link. I think it would be cool... if that's supposed to be a male Link, then, uh... *sigh* I guess I won't be surprised seeing how a lot of other Japanese characters are, but I have to admit that I'll be pretty disappointed.
I'd love to see Zelda out on horseback fighting monsters with her bow, instead of just waiting to be rescued!